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Daily Dispatches
Government appeals order to redesign currency for blind
Submitted by cpowell on Tue, 2006-12-12 22:12 Section: Daily DispatchesToo many people see it everywhere already!
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By The Associated Press
Tuesday, December 12, 2006
http://news.yahoo.com/s/ap/20061212/ap_on_go_pr_wh/blind_money
The Bush administration on Tuesday asked an appeals court to overturn a ruling that could require a redesign of the nation's currency to help the blind.
Justice Department lawyers filed the appeal with the U.S. Court of Appeals for the District of Columbia Circuit on behalf of Treasury Secretary Henry Paulson.
MorganChase buys protection against SEC actions
Submitted by cpowell on Tue, 2006-12-12 22:02 Section: Daily DispatchesJ.P. Morgan Names Cutler Counsel
By Peter Lattman
The Wall Street Journal
Wednesday, December 13, 2006
Stephen M. Cutler, a partner at Wilmer Cutler Pickering Hale & Dorr LLP and a former enforcement chief at the Securities and Exchange Commission, was named general counsel for J.P. Morgan Chase & Co.
Mr. Cutler, who plans to join the company in February, will also head the bank's legal and compliance activities worldwide. He succeeds Joan Guggenheimer, who died this year.
Barrick open to acquiring more gold and copper assets
Submitted by cpowell on Tue, 2006-12-12 21:25 Section: Daily DispatchesGod knows Barrick is short enough of both....
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Barrick CFO Sees a Lot More Upside to Gold Price
From Reuters
Tuesday, December 12, 2006
http://ca.news.yahoo.com/s/reuters/061212/business/business_barrick_cfo_...
TORONTO -- Barrick Gold Corp.'s chief financial officer said on Tuesday that the fundamentals for the price of gold remain strong.
"I think we've got a lot more upside on the gold price. I certainly can see the highs that we had earlier this year being taken out," said Jamie Sokalsky in an interview.
Al Jazeera joins ROB-TV in exposing the gold price suppression scheme
Submitted by cpowell on Tue, 2006-12-12 21:02 Section: Daily Dispatches8:45p ET Tuesday, December 12, 2006
Dear Friend of GATA and Gold:
Al Jazeera, the international news organization based in Qatar and owned by the emir of that Arabian Gulf country (an ally of the United States recently visited by your secretary/treasurer in another capacity), has just joined Canada's Report on Business Television in what might as well be called Radio (and Television) Free America.
Having the U.S. government as a subsidiary is good business
Submitted by cpowell on Tue, 2006-12-12 08:52 Section: Daily DispatchesGoldman Sachs 4th-Quarter Profit Doubles
From The Associated Press
Tuesday, December 12, 2006
http://biz.yahoo.com/ap/061212/goldman_earns.html?.v=1
NEW YORK -- Goldman Sachs Group Inc., the biggest investment bank on Wall Street, reported fourth-quarter profit doubled from last year on record takeover activity and robust stock market trading.The company reported a profit of $3.15 billion, or $6.59 per share, compared with $1.63 billion, or $3.35 per share, in the year-ago period. Revenue soared to $9.41 billion, up from $6.4 billion last year.
Dow Jones interviews Blanchard's Ryan on gold's prospects
Submitted by cpowell on Mon, 2006-12-11 20:47 Section: Daily Dispatches8:35p ET Monday, December 11, 2006
Dear Friend of GATA and Gold:
Dow Jones Newswires today interviewed Blanchard & Co.'s research director, Neal Ryan, about gold's prospects, and the story is appended. We hope to hear from Ryan this week about his efforts to persuade the International Monetary Fund that it should do something to correct the misleading accounting of central bank gold.
CHRIS POWELL, Secretary/Treasurer
Heroic Afghans safeguarded their country's golden heritage
Submitted by cpowell on Mon, 2006-12-11 20:03 Section: Daily DispatchesBy Angela Doland
Associated Press
Monday, December 11, 2006
http://news.yahoo.com/s/ap/20061211/ap_en_ot/afghanistan_s_treasures_5
PARIS -- The mystery baffled archaeologists for more than two decades. What happened to 22,000 pieces of gold -- jewel-encrusted crowns, daggers, and baubles from an ancient burial mound -- that had apparently vanished from Afghanistan in the 1980s.
With the country mired in wars and general chaos, rumors swirled. Had the 2,000-year-old gold treasure trove been spirited away from the Afghan National Museum to Russia, or sold on the black market, or melted down? Many assumed it was gone forever, yet another cultural loss for a country that had become accustomed to such ruin.
Mortgage delinquencies threatening U.S. borrowers and banks
Submitted by cpowell on Mon, 2006-12-11 19:54 Section: Daily DispatchesBy Marcy Gordon
Associated Press
Monday, December 11, 2006
http://news.yahoo.com/s/ap/20061211/ap_on_bi_ge/home_mortgages
Mortgage delinquency and foreclosure rates are on the rise, and the impact could be greatest on low-income families that took out higher-interest loans for risky borrowers, some experts said Monday.
Treasury Secretary Henry Paulson said the government wants to issue guidelines to banks and savings and loans that will allow people to get home loans "without taking unnecessary risks."
Ted Butler: The record speaks for itself
Submitted by cpowell on Mon, 2006-12-11 16:59 Section: Daily Dispatches4:50p ET Monday, December 11, 2006
Dear Friend of GATA and Gold:
Silver market analyst Ted Butler's new commentary, "The Record Speaks for Itself," argues that the fundamentals and demographics favor natural resources for years ahead and that the short position in silver makes that metal the most promising of natural resource investments. You can find Butler's commentary at GoldSeek's companion site, SilverSeek, here:
E-gold gets tough on crime
Submitted by cpowell on Mon, 2006-12-11 08:55 Section: Daily DispatchesBy Kim Zetter
Wired magazine
Monday, December 11, 2006
http://www.wired.com/news/technology/0,72278-0.html?tw=rss.technology
The founder of PayPal competitor e-gold has grown tired of the government characterizing his business as a haven for money launderers, terrorists, child pornographers and credit card thieves.
So a year after the Department of Justice raided his offices, Douglas Jackson, president of Gold and Silver Reserve, which operates e-gold, has been wading deep into his customer transaction logs to identify and fight back against people who misuse his system. In the last month, he's blocked about 2,000 accounts from his system, and he's voluntarily turned over detailed account and transaction histories to federal law enforcement.
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